A new private hangar complex will rise at Northern Colorado Regional Airport after Water Valley Land Co. and the Business Aviation Group (BAG) broke ground on the first phase of what is planned as Discovery Air, an eventual 29.5-acre development at the Fort Collins gateway.
Construction is slated to be completed by year-end on the first structure, an energy-efficient 30,000-sq-ft heated hangar with 28-foor-high doors, along with more than 8,000 sq ft of customizable tenant office space. According to BAG co-founder David Vaughn, the building is already 65 percent pre-leased.
A second phase will add another 148,000 sq ft of hangar and office space, as well as a new 24,000-sq-ft FBO terminal. Vaughn told AIN that the start of the second phase will be based on demand, but the company has already secured permission to establish the FBO, which would be the second one on the field. The companies expect to select a service provider to operate it by April.
“Demand for high-quality, contemporary aviation facilities is strong in this region,” said BAG partner Barry Sherman. “We have two significant customers under contract to date. Discussions are underway with several others, and we expect interest to soar as the progress continues.”